Instruments and Accessories Segment, by Type to Account Largest Share in Surgical Robotics Market during 2023-2031
According to our new research study on "Surgical Robotics Market Forecast to 2031 - Global Analysis - by Type, Application, Material, End User, and Geography," the market was valued at US$ 10.25 billion in 2023 and is projected to reach US$ 28.54 billion by 2031; it is expected to register a CAGR of 13.7% during 2023-2031. The surging number of surgical procedures and the growing prevalence of chronic diseases are among the prominent factors fueling the surgical robotics market growth. However, the high cost of robotic surgeries and installation of surgical robots hampers the growth of the market. The incorporation of AI-based features in surgical robots is expected to bring new surgical robotics market trends in the coming years.
The surgical robots market players are focused on developing new products to grow their geographic reach and enhance capacities to cater to a greater than existing customer base with cutting-edge technology that meets evolving surgical needs. The integration of artificial intelligence in surgical robots helps provide real-time analysis, decision support, and predictive analysis. During surgeries, such robots can reduce human errors, identify critical areas, and optimize surgical planning. For instance, in May 2023, Smith+Nephew, the global medical technology company, introduced two key products for its robotics and digital surgery portfolio-Personalized Planning powered by AI and RI.INSIGHTS Data Visualization Platform. Advanced AI analytics platform integrated with the CORI Surgical System will offer personalization when performing joint replacement procedures. Similarly, in July 2024, Medtronic launched Touch Surgery Live Stream-an AI platform for robotic surgery. Touch Surgery Live Stream includes 14 new AI algorithms designed to enhance its digital capabilities within post-operative analysis. The algorithms deliver AI-powered surgical insights for laparoscopic and robotic-assisted surgery. Also, in August 2023, the Centre for Artificial Intelligence and Robotics (CAIR), a research center under the Chinese Academy of Sciences, completed three successful trials on MicroNeuro-which is fitted with a flexible endoscope and leverages AI and precision control to perform accurate and precise surgeries on brain tissue. Such developments will ensure surgical safety, reduce surgeon's labor-intensive tasks, and enable unprecedented novel surgical treatments leading to improved surgical outcomes for patients. Therefore, the development of AI-based surgical robots is expected to bring new trends in the surgical robotics market in the coming years.
Based on type, the surgical robotics market is segmented into instruments and accessories, robotic systems, and services. The instruments and accessories segment are further segmented into energy instruments, forceps, needle drivers, clip appliers, irrigators, and others. The robotic systems segment is subsegmented into laparoscopy robotic systems, orthopedic robotic systems, neurological robotic systems, and others. The instruments and accessories segment held the largest share of the market in 2023.
Robotic surgical instruments and accessories help enable precision during the surgical procedure. The instruments and accessories segment is further segmented into forceps, irrigators, needle drivers, energy instruments, and others. With a variety of modalities, the instruments can be used for a range of procedures. Surgical robot developers offer an extensive set of instruments and accessories for conducting robotic surgeries. Apart from selling the robot systems, surgical robot companies generate recurring revenues through these instruments and accessories, contributing to a significant market share of this segment. As instruments and accessories are consumable, there is continued demand for them with each robotic surgery.
Intuitive Surgical's exclusive Endowrist instruments are designed to provide surgeons with natural dexterity and a full range of motion for precise operations through tiny incisions. Energy instruments, such as monopolar and bipolar cautery instruments (electrical energy), the HarmonicTM ACE (mechanical energy), the PKTM Dissecting Forceps (advanced bipolar), and lasers, are used by da Vinci surgeons to provide coagulation, cutting, and tissue dissection. Suture CutTM Needle drivers include an integral cutting blade for efficient cutting of sutures after knot tying and increased surgeon autonomy and efficiency. In addition, clip appliers, probe graspers, and cardiac stabilizers are available to allow da Vinci surgeons to perform specialized procedures such as vessel clipping, cryoablation, and beating heart surgery.
By application, the market is segmented into general surgery, urological surgery, gynecological surgery, orthopedic surgery, cardiovascular surgery, thoracic surgery, neurosurgery, and others. The general surgery segment accounted for the largest share of the market in 2023. Robotic surgery allows doctors to perform numerous complex procedures with more precision, flexibility and control than is possible with conventional techniques. The most common robotic surgery procedures under general surgery include hernia repair, colorectal surgery, cholecystectomy, and bariatric surgery. The growing cases of hernia, colorectal cancer, and obesity are increasing the adoption of robotic systems for general surgery. For instance, surgeons use da Vinci surgical systems in more than 10 million procedures. There are ~70 representative clinical uses for da Vinci systems, spanning clinical specialties, including general surgery.
Market players have been receiving approvals for new robotic systems for orthopedic surgeries. For instance, in March 2021, Asensus Surgical, Inc. (formerly TransEnterix, Inc.), a medical device company that is digitizing the interface between the surgeon and patient to pioneer a new field of performance-guided surgery, received an additional FDA clearance for the Senhance Surgical System-allowing for an expansion of indications in general surgery in the US.
By material, the market is segmented into plastics, metal, and aluminum. The metal segment accounted for the largest share of the market in 2023. The materials commonly used for surgical robot components include stainless steel, nickel alloy, copper, and certain types of plastic. Stainless steel alloys are increasingly used in surgical robot components that require high strength but can handle heavy weight. Stainless steel's high corrosion and temperature resistance properties make it suitable for various surgical robot parts, including motor shafts, joints, and sensor components. Further, nickel steel alloys are also popular in surgical robot applications owing to their hardness, tensile strength, and elastic limit that do not compromise ductility. The nickel-based superalloys-Inconel and Hastelloy-are extensively used in the manufacturing of surgical robots. Thus, the benefits offered by metals drive the segment.
Based on end user, the surgical robotics market is segmented into hospitals, ambulatory surgical centers, and specialty clinics. The hospitals segment dominated the market in 2023. Robots in hospitals are transforming the way surgeries are performed, leading to lower chances of infections, higher precision, and fewer complications. The surging demand for minimally invasive surgeries is driving the hospital segments. Hospitals are the most preferred center for surgeries as they are well equipped with advanced technologies such as surgical robots. Various robots are being implemented in hospitals to enhance the overall quality of patient care and outcomes; a few instances are mentioned below:
- In July 2024, the first surgical robot in Nepal was installed at B&B Hospital in Gwarko, Lalitpur. The surgical robot was manufactured by SS Innovations, a medical technology company that developed India's first indigenous surgical robotic system called SSI Mantra in 2017.
- In July 2024, KLES Dr Prabhakar Kore Hospital and Medical Research Center in Belagavi introduced robotic technology in surgical procedures.
STERIS, Stryker, Medtronic, Renishaw, Johnson & Johnson, CMR Surgical, Smith & Nephew Plc, Zimmer Biomet, Intutive Surgical Inc, THINK Surgical Inc, Titan Medical Inc., Vicarious Surgical, Asensus Surgical Inc, Moon Surgical, Momentis Surgical, Virtual Incision, and EndoQuest Robotics Inc are among the leading companies operating in the global surgical robotics market.
Companies operating in the surgical robotics market adopt various organic and inorganic strategies. Organic strategies mainly include product launches and product approvals. Acquisitions, collaborations, and partnerships are among the inorganic growth strategies witnessed in the surgical robotics market. These growth strategies allow the market players to expand their businesses and enhance their geographic presence, thereby contributing to the overall surgical robotics market growth. Further, acquisition and partnership strategies help them strengthen their customer base and expand their product portfolios.
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